Audited Financial Results for the quarter and year ended 31-03-2025.
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Sita Enterprises Ltd (BSE: 512589), a non-deposit-taking NBFC registered with the RBI, reported its audited FY25 results on 22 May 2025 with an unmodified (clean) audit opinion from Patel Shah & Joshi. Total income rose about 10% year-on-year to roughly Rs 1,248 lakhs from Rs 1,136 lakhs, though profit after tax slipped modestly to about Rs 282 lakhs from Rs 296 lakhs, translating to an EPS of Rs 9.39. The most notable disclosure was a share purchase agreement signed by specified promoters on 24 December 2024 to sell 21 lakh equity shares (70% of issued capital) to an acquirer, which has triggered a mandatory open offer under SEBI Takeover Regulations and is pending RBI approval since the company is an NBFC. The Board also appointed a new Secretarial Auditor (Kala Agarwal) for FY 2025-26 and approved modifications to the Fair Disclosure Code. Operating cash flow remained positive but fell sharply to Rs 33 lakhs from Rs 868 lakhs in FY24.
Financials were broadly steady with a mild dip in bottom line despite revenue growth. The bigger story is the 70% promoter stake sale and open offer, which could result in a change of control and board reshuffle for shareholders.